Vaporware alert? Spyker selling bonds instead of B6 Venators

Your chance to own a special edition of a sports car that doesn't yet exist.

Ready for another strange chapter in the Spyker Cars saga? After nearly owning Saab, then nearly being sold to a Connecticut-based hedge fund, the boutique Dutch supercar maker is now launching a $16.6 million bond scheme for its nearly-production B6 Venator.

Here's how it works: You buy a £100K ($158K) debt security in the company through its Spyker Venator Bond program, which earns you a limited-edition chassis number. After a three-year maturation at 7.5 percent, you either cash in on the $207K cash coupon or receive the specially-badged B6 Venator corresponding to your certificate. Spyker plans to issue 100 such bonds.

That's still a pretty big leap of faith, you know, considering Spyker won't confirm which platform the B6 is based on. Or what engine it has. Or anything, really, except that it's mid-engined and will be available as a coupe or convertible.

Shepherd calls the program "fairly funky." We'd say that in the weird and winding Spyker story, it's just par for the course.